In a notable development in the logistics sector, FedEx has agreed to sell its logistics unit to CMA CGM for $1.4 billion. This transaction was officially announced on July 1, 2026.
CMA CGM, a prominent French shipping group, is reportedly looking to expand its operations in the United States and strengthen its position within the supply chain.
This deal reflects ongoing trends in the logistics industry, where companies are seeking to consolidate and enhance their capabilities in response to evolving market demands.